Jet to sell Nike before holidays

NEW YORK — Walmart-owned Jet.com will soon sell Nike products on its site as it seeks to catch up with Amazon ahead of the holiday shopping season.

Jet says Nike sneaker, clothing and other gear will be available in October. The deal occurs a year after Nike, which has made a push to sell more swoosh-branded products online, started selling products on Amazon.com. Nike says the deal is exclusive to Jet and doesn’t include Walmart.

Jet, which Walmart bought in 2016, has been positioning itself as a shopping site for young city-dwellers. This fall, customers in New York will be able to pick three-hour windows for same-day or next-day delivery for groceries, detergents and some gifts. Jet says it plans to expand that to other cities around the country.

Stocks higher for a 4th day on tech

Gains in the information technology and health care sectors helped to propel U.S. stocks higher for a fourth day. Turkey’s lira jumped after a rate hike, and the dollar fell after data showed a gauge of underlying U.S. inflation unexpectedly cooled in August.

Equities pulled back earlier from the day’s highs after President Donald Trump tweeted that the United States isn’t under pressure to reach a trade agreement with China. While speculation on trade continues to dictate investor sentiment, the consumer price data and the resumption of the rally in tech kept shares afloat.

“The big thing about tech today is it feels like a relief rally,” said Chris Zaccarelli, chief investment officer at Independence Advisor Alliance in Charlotte, North Carolina.

— From wire reports